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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Dale Gabbert

Tel:
Work 020 7825 3201
Email:
Simmons & Simmons

Position

Dale advises fund managers, financial institutions, fund boards and entrepreneurs in the establishment, operation and governance of all classes of private funds, including private equity funds, hedge funds, real estate funds, credit funds and bespoke products. He also acts on the acquisition and disposal of fund managers, joint venture funds and secondary sales of fund interests. Dale regularly assists major institutional, high-net-worth and sovereign investors on their investments in private funds.


London: Investment fund formation and management

Hedge funds

Within: Hedge funds

Simmons & Simmons handles a range of heavyweight hedge fund work for a large number of Europe's leading names in the sector. Iain Cullen  is 'a go-to individual in the UK hedge fund space; he is a formidable lawyer who always brings a strong analytical process to novel problems, and backs it up with huge experience and document knowledge'. Cullen advised Brevan Howard Capital Management on the launch of a fund with Cayman and Delaware feeders to be managed in Jersey, using both an ERISA hard-wired structure and a 1-or-30 fee structure. Lucian Firth and Richard Perry advised longstanding client Schroder Investment Managemen on creating Schroder Securitized Credit Fund, which has one of its feeder funds domiciled in Bermuda. Devarshi Saksena  advises AHL Partners, which is part of Man Group, on MiFID 2 research unbundling issues. In the fund-of-funds space, Dale Gabbert advised UBS on creating an Irish umbrella fund to provide its clients access to various hedge funds. Perry advised Janus-Henderson on a restructuring of numerous funds to ensure MiFID compliance. Other clients include GSA Capital, which Perry advised on structuring a fund-of-one for an Australian retirement plan.

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Private funds

Within: Private funds

Simmons & Simmons has 'excellent depth of knowledge across all areas of the discipline, and always presents its advice in a realistic commercial context'. David Williams  is 'a credit to the profession - responsive, accurate and with a breadth of experience and commercial acumen', with  Matthew Pitman and Dale Gabbert also key contacts. In Africa, the team advised Investec on forming Investec Africa Private Equity Fund 3; Cindy Valentine  is a key contact for emerging markets work. Other asset classes include shipping funds. Institutional investor clients include the European Bank for Reconstruction and Development, as well as the British Business Bank and the BT pension scheme.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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